Shares of Apple\n \n were briefly up about 3% to a new all-time high of $182.88, surpassing the $182.85 per share it needed to be worth $3 trillion. The stock later pulled back from that level. Apple’s market value first crossed the $1 trillion threshold in August 2018 and passed $2 trillion in August 2020. Apple shares were up nearly 35% in 2021.
The company has benefited from booming demand for its new IPhone 13 and other older models as well as subscription services such as Apple Music, Apple TV+, iCloud and its popular App Store. Sales surged nearly 30% to more than $83 billion in Apple’s fall quarter, which ended in September. The company has a whopping $191 billion in cash as well. But before long, Apple may have some company in the $3 trillion club. Microsoft\n \n is now worth about $2.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Apple is now worth $3 trillion | CNN BusinessApple is once again worth $3 trillion, the only company ever to reach that milestone.
Source: CNN - 🏆 4. / 95 Read more »
Former Pfizer employee charged with Covid drug insider trading | CNN BusinessThe US Securities and Exchange Commission on Thursday charged a former Pfizer employee and his friend for trading on insider information regarding the success of the company’s trial for Paxlovid, its Covid antiviral drug.
Source: CNN - 🏆 4. / 95 Read more »
Geraldo Rivera says he quit Fox News after being fired from 'The Five' | CNN BusinessTelevision veteran Geraldo Rivera announced on Thursday that he was leaving Fox News after being fired from the program “The Five.”
Source: CNN - 🏆 4. / 95 Read more »
CBO: US debt will spike to record high by 2029, despite debt ceiling deal | CNN BusinessAmerica’s mountain of debt is poised to climb to new heights later this decade even after Republicans and Democrats reached a deal to chip away at the federal deficit.
Source: CNN - 🏆 4. / 95 Read more »
Deadline for airline 5G retrofits could add to travel woes this July 4 holiday | CNN BusinessA looming deadline for airlines to retrofit their planes with updated technology could potentially disrupt some flights during one of the heaviest travel weekends of the year.
Source: CNN - 🏆 4. / 95 Read more »